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The geology is simple while the metallurgy is

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TMLonggun   Wednesday, 01/03/18 11:31:10 PM
Re: punter75 post# 256
Post # of 262 
The geology is simple while the metallurgy is not - it took SCY years and millions to understand and crack the HPAL process and get good recoveries. Then you can't just mine ore if you do not have a plant to process it, (what would you do with it???) even if you know how to extract the minerals. Before they can build a plant they must raise money, done via "talking about it" to financiers and banks, usually for about a year or so, sometimes much longer. This is a specialty project after all.

Also there is no way they will get $125k a lb that would provide no value to most industries that desire it. Mass production will drop the price for commoditized 97-99% powder oxide powder hopefully to less than $1500/kilo - providing win win cost benefits to countless industries.

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